Blockchain technology is perhaps one of the hottest topics in fintech these days. Before this magical technology came to be, we’ve always thought we would always need a third-party, such as a bank or a government, to handle trusted financial transactions and record them. Then came bitcoin in 2009, the first-ever cryptocurrency that was created by Satoshi Nakamoto, and was also the first to introduce blockchain technology. Today, there are now thousands of blockchain cryptocurrencies, but many people still don’t understand what it is. With Virie now available for the masses, let’s take a look at how its advanced blockchain technology can add value to the world, but first, let’s briefly define what blockchain technology is.
What is blockchain technology?
Technically defined, a blockchain is a series of nodes or computers that make up a digital ledger or a network of transactions when they are together like a chain. Simply defined, it’s a platform that stores and transfers data of transactions securely and privately without any intervention from any third-party.
What is Virie Market?
Inspired by the legendary Satoshi Nakamoto, Virie Market is a decentralized virtual marketplace that uses advanced blockchain technology to process, store, and transfer all data and transactions within the market. Virie is not a payment system with a Market. It’s a MARKET (Distributed Exchange Network) with a very user-friendly payment system. Virie’s uniqueness here is that it’s an instrument to use the Market, not vice versa. You can trade on the Virie Market using any currency (Dollars, Yen, Pounds, Euros, Bitcoins, Virie native coins, etc). You can exchange not only money for money, but Virie Market also allows you to trade GOODS and SERVICES. You can directly exchange anything you like for anything you want in just a few clicks.
How does Virie add value to the world?
· Virie is a business product created for mass consumption
Unlike other exchange platforms where you need to be technically knowledgeable to be able to use, Virie is a business product that was intentionally created for mass consumption. This means that you don’t have to be a geek to use it. Anyone from any part of the world with an internet connection can use it. It has the most user-friendly interface that’s so easy to understand and navigate. All you have to do is to download it like any other application you have on your phone or computer.
· Virie values your freedom
As the creators of Virie value freedom most of all, the platform allows freedom of communication between parties, freedom of monetary movements without any geographical and cross-border restrictions, freedom of processing transactions with maximal simplicity, and a guarantee of security from fraud and other criminal acts. Using the Virie Market will allow you to have the financial freedom you so long for.
· Virie values your privacy
Using modern cryptography, Virie values your privacy by ensuring that all transactions are untraceable and unlinkable. It means that nobody can prove that a transaction was sent by any user, and it’s impossible to prove that two transactions were sent to the same person.
· Virie made it easier and cheaper to pay and receive payment
Virie recognizes the fact that centralized payment systems have so much bureaucracy that it takes a lot of delays and costly fees for people to send and receive payments. With this in mind, Virie’s platform was created to make paying and receiving payments so much easier and with the lowest fee ever. With just a few clicks and a few minutes, you can already receive your payment, you won’t even finish a cup of coffee.
These and so much more are how Virie’s blockchain-based free-market adds value to the world.
For more details about it, read its white paper here.
To experience it yourself, download the application here.